New York City  »  11101  »  5th St  »  5002 5th St

50-02 5th Street, Long Island City, NY 11101 - Property report

Also known as: 50-02 5th St

Property image for 50-02 5th Street, Long Island City, NY 11101
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Property type

Office with Commercial - 1 to 6 Stories (O5)

Year built

1971

Lot sq. ft.

26,030

Sale price

$10,250,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
50-02 5th Street
Alternate address(es)
2-49 51st Ave
50-02 - 50-10 5th St
ZIP code
11101
Neighborhood
Hunters Point
Borough
Queens
Block & lot
00016-0025

Owner

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Building
Property type
Office with Commercial - 1 to 6 Stories (O5)
Building sq. ft.
50,207
Building dimensions
200 ft x 130 ft
Buildings on lot
1
Stories
2
Year built
1971
Last altered
2013
Building material
Sales
Sale date
03/15/2011
Sale price
$10,250,000
Tax
Tax year
2026-2027
Property tax
$355,341
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
200 ft x 130.15 ft
Lot sq. ft.
26,030

Area overview

Walk score
95 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
30
Community district
2
Closest police station
1.10 Miles
Closest fire station
0.27 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 50-02 5th Street, Long Island City, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 50-02 5th Street, Long Island City, NY 11101

Sale date Sale price Buyer name Seller name
03/15/2011 $10,250,000 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX X X & X X X X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/23/2018 - R
02/16/2018 - D		 Satisfaction of Mortgage
(2018022001552001)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XX XXXX X X
02/23/2018 - R
02/16/2018 - D		 Termination of Assign of L&R
(2018022001510001)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XX XXXX X X
02/15/2018 - R UCC3 Termination
(2018021500679001)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XX XXXX X X
09/14/2015 - R
08/26/2015 - D		 Sundry Miscellaneous
(2015082800768001)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XXX XXXX XXXX X X X
04/13/2015 - R Initial UCC1
(2015040701255001)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XX XXXX
04/16/2015 - R
04/07/2015 - D		 Assignment of Leases and Rents
(2015041000315002)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XX XXXX X X
04/16/2015 - R
04/07/2015 - D		 Mortgage
(2015041000315001)		 XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX XX XXXX X X
04/19/2011 - R
03/25/2011 - D		 Satisfaction of Mortgage
(2011040700356002)		 XXXXXXXX XXXXX XXXX XXXXXXXXXXX XXX XXXX XXX XXXXXXXXXXX XXXXXXXXX
04/19/2011 - R
03/15/2011 - D		 Deed
(2011040700356001)		 X X X X X X XXXXX XXXXXX XXXX XXXXXX XXXXXXX XXX
04/19/2011 - R
01/19/2011 - D		 Satisfaction of Mortgage
(2011040700356003)		 XXXXXXXX XXXXX XXXX XXXXXXXXXXX XXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 50-02 5th Street, Long Island City, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$355,341
Municipal exemptions
Recent tax assessments
Market value
$7,709,000
Assessed value
$3,469,050

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $7,300,000 $3,285,000 $3,216,330 10.848% $348,907 $348,907 +2.79%
2024/25 $7,009,000 $3,154,050 $3,154,050 10.762% $339,439 $339,439 -1.28%
2023/24 $7,214,000 $3,246,300 $3,246,300 10.592% $343,848 $343,848 +0.19%
2022/23 $7,164,000 $3,223,800 $3,223,800 10.646% $343,206 $343,206 +0.59%
2021/22 $7,050,000 $3,172,500 $3,172,500 10.755% $341,202 $341,202 -7.03%
2020/21 $7,964,000 $3,583,800 $3,431,880 10.694% $367,005 $367,005 +6.06%
2019/20 $7,863,000 $3,538,350 $3,284,010 10.537% $346,036 $346,036 +4.64%
2018/19 $7,630,000 $3,433,500 $3,145,230 10.514% $330,689 $330,689 +3.89%
2017/18 $7,429,000 $3,343,050 $3,027,420 10.514% $318,303 $318,303 +6.24%
2016/17 $6,996,000 $3,148,200 $2,833,385 10.574% $299,602 $299,602 +2.91%
Permits

Permit information for 50-02 5th Street, Long Island City, NY

Filing date Job type Job status Job description Initial cost
11/18/2015 Alteration type 2
09/01/2015 Alteration type 2
08/12/2015 Sign
06/12/2015 Alteration type 2
06/12/2015 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
09/23/2024 Lblvio-low pressure boiler boiler required
09/23/2024 Lblvio-low pressure boiler boiler required
03/26/2018 E-elevator

*Most recent DOB violations on record for this property.

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Vernon Blvd & 50th Ave at SW Corner
Station lines
7
Distance (miles)
0.14
View subway map

Access the detailed traffic volume map for 50-02 5th Street, Long Island City, NY 11101 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 50-02 5th Street, Long Island City, NY

45-10 Vernon Blvd, Long Island City 2-02 Borden Ave, Long Island City 52-20 2nd St, Long Island City 46-16 Vernon Blvd, Long Island City 5-46 46th Ave, Long Island City 52-25 2nd St, Long Island City 5-40 44th Dr, Long Island City 1-01 - 1-02 54th Ave, Long Island City 2-19 50th Ave, Long Island City 5-37 46th Ave, Long Island City 5-35 A 54th Ave, Long Island City 44-68 Vernon Blvd, Long Island City 4-75 48th Ave, Long Island City 45-44 Vernon Blvd, Long Island City 2-24 51st Ave, Long Island City 2-16 Borden Ave, Long Island City 55-01 2nd St, Long Island City 51-24 2nd St, Long Island City

Nearby ZIP codes for 50-02 5th Street, Long Island City, NY

10017, New York City, NY 10021, New York City, NY 10022, New York City, NY 10028, New York City, NY 10044, New York City, NY 10065, New York City, NY 10075, New York City, NY 10128, New York City, NY 10152, New York City, NY 10154, New York City, NY 10162, New York City, NY 11102, New York City, NY 11103, New York City, NY 11104, New York City, NY 11106, New York City, NY 11109, New York City, NY 11211, New York City, NY 11222, New York City, NY 11377, New York City, NY 11378, New York City, NY

Frequently asked questions

What is the year built for 50-02 5th Street, Long Island City, NY 11101?

The development at 50-02 5th Street, Long Island City, NY 11101 was built in 1971.

What is the market value of 50-02 5th Street, Long Island City, NY 11101?

The current market value of 50-02 5th Street, Long Island City, NY 11101 is $7,709,000.

What is the total square footage of 50-02 5th Street, Long Island City, NY 11101?

50-02 5th Street, Long Island City, NY 11101 has a total of 50,207 square feet.

What is the price per square foot for this property?

$204 per square foot is the price for 50-02 5th Street, Long Island City, NY 11101.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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